821 59th St Brooklyn, NY 11220-3611
Property profile & analytics
821 59th St, Brooklyn, NY 11220-3611
- Office buildings
- 8,390 SF
- 0.05 lot acres
Property ID
US63-0119172
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Office buildings
Property Details for 821 59th St
- Year built
- 1918
- Lot size
- 0.05 lot acres
- Property size
- 8,390 SF
- Zone code
- R6
- Property type
- Office buildings
- APN
- 05700-0070
- APU
- 57000070
Description
This exceptional redevelopment opportunity presents a partially completed six-story medical condo building situated in the thriving Sunset Park medical corridor of Brooklyn, New York. Located at 821 59th Street, this bank-owned foreclosure property offers 8,600 square feet of space on a 2,000 square foot lot, zoned R6. The structure is currently vacant and features a completed foundation, elevator core, and steel and concrete framing up to the sixth floor, with I-beams in place for roof completion. The building's depth is 100 feet on the second floor. Comparable area medical condos are selling for over $1,100 per square foot, suggesting significant potential for return on investment. Conveniently located just two blocks from the 8th Avenue N/W subway stop, this property offers unparalleled access to public transportation. The 2024/2025 tax assessment is $275,302, with real estate taxes totaling $29,160 for the same period. This is a unique chance to acquire a substantial medical office development project in a high-demand location. The asking price is $3,588,000. The property is classified as Class B, Mixed Use, Office, and Special Purpose. The building is lender-owned and being sold as a bank-owned foreclosure.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $2,695,000
- ML approach
- $2,510,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -74.0082
- Latitude
- 40.6359
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$29,160
$90,000
$185,302
$275,302
-
$200,000
$411,782
$611,782
